Food retail is being impacted by three important megatrends: the connected nature of the world; changing demographics and the huge power of millennials; and the massive challenge of sustainability.
Some five billion consumers are connected via smartphones and tablets to around 50 billion devices, sensors and light points. People born after 1980 – the so-called ‘millennial’ generation – are now the dominant force in shopping. And, in recent years, retailers have been under increasing pressure to show commitment to the environment and sustainability. Simple steps, such as a switch to LED lighting, can produce energy savings of up to 50%.